Episode 4: On the Kraft-Heinz deal, investing in China, investment tax credits, coal, capital-light businesses, and Berkshire’s hands-off style of management
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Buffett explains how the Kraft-Heinz deal unfolded, the perils of speculative investing in China, why investment tax credits don’t affect investment behavior at Berkshire, and how coal will be a shrinking business. Buffett also explains how Berkshire’s abdication of control has added value to the businesses in which they invest.